PayDayPatch.com

Sure pay day loans get you into trouble. But sometimes a cash advance is the only way to survive.

A few years back I worked with a person that had a job that required the use of their personal vehicle. She was compensated rather well for use of the vehicle but got herself into a financial situation that she couldn’t dig out of. As a matter of fact she ended up getting in so deep that she couldn’t buy gas. No gas, no job so what does she do? She calls in to work and takes leave without pay. Doesn’t make sense does it?

My point is there are times when you just don’t have any other options. When that time comes what can you do. The first thing to do is shop around. The payday loan industry is just like any other industry. They are trying to get as many customers as they can. In trying to entice customers to use their service they offer different incentives. But no incentive is better than free. And I have found the company that will do just that Mypaydayloan.com offers a free cash advance to first time customer. So, if you’re stuck in a situation that you can’t dig out of without a pay day loan then free is the only way to go. Click here to apply now.

I live in a rather small town in Nebraska with approximately 12500 resident. It is classified as a farming community with a few rather small industries. So my question is how is a town this size able to support 6 different pay day loan companies?

I was driving down the street today and noticed that yet another paycheck advance company was opening soon. Do we really have that many people that need a cash advance or do these companies simply make so much money that with only a few customers they can easily stay profitable?

The answer, a little of both. The sad part about this is that as long as people continue to use this service they will not break the cycle. The customers that are forced into this situation likely go there rather unexpectedly and now they will end up paying a very large percentage of their paycheck back to the payday loan company in turn making it necessary to get another cash advance.

I realize that without strict legislation these places are going to continue to thrive but we can make it more and more difficult for them to say afloat.

I know the situation — short on cash, bills to pay, groceries to buy. You sit by yourself, wondering what am I going to do. You grab your checkbook and a couple of forms of ID and head down to one of the payday loan companies. They give you a couple hundred dollars but with the cost of electricity these days that keeps the lights on but you still have to eat. So you get another cash advance for $200 at another place. Sure they ask you if you have any other outstanding cash advances but you tell them no because you know if you tell them the truth you are going to starve.

Now you’re really stuck because when your paycheck finally comes not only do you have to pay back the money you borrowed but you likely have to pay an additional $100. If your lucky you may have enough money to make it another week but the paychecks come once every two weeks so you know you will be repeating the cycle again, and again.

PayDayPatch.com offers a short term solution, but if you truly want to break the cycle you are going to have to change your spending habits. You may even need to make some more money.

So how do you get out?

Share your story with others. Tell us how you worked your way out of the seemingly endless payday loan trap. Do you have a secret way to make some extra cash. Please share it with us.

Welcome to the PayDayPatch.com blog.

If you are viewing this website then you are likely in a situation that to many of us find ourselves in. It is my hope that I can help you break this cycle by providing you with the resources you need to get back on your feet and on your way to a healthy financial situation. I encourage your comments/stories — perhaps your experience can help others.